Maryland Horse Breeders Association Inc

Organization Overview

Maryland Horse Breeders Association Inc is located in Reisterstown, MD. The organization was established in 2004. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. As of 03/2022, Maryland Horse Breeders Association Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Horse Breeders Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 03/2022, Maryland Horse Breeders Association Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.8m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ENCOURAGE, PROMOTE, PROTECT AND IMPROVE THE HORSE BREEDING INDUSTRY IN MARYLAND. WHILE THE EMPHASIS HAS BEEN PLACED ON THE PRODUCTION OF THOROUGHBRED RACE HORSES, THE MHBA ENCOURAGES ALL SPORTS RELATING TO THE USE OF THE HORSE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MARYLAND HORSE BREEDERS ASSOCIATION (MHBA) UTILIZES PUBLICATIONS AS A MEANS OF PROMOTING THE HORSE INDUSTRY AND ENCOURAGING HORSE BREEDING AND PARTICIPATION IN HORSE SPORTS. THE MHBA PUBLISHES THE "MID-ATLANTIC THOROUGHBRED", A FOUR-COLOR MONTHLY MAGAZINE THAT COVERS RACING AND BREEDING IN MARYLAND AND THROUGHOUT THE REGION. IN ADDITION, MHBA PUBLISHES AN ANNUAL GUIDE TO THOROUGHBRED FARMS IN MARYLAND AND VARIOUS POSTERS, BROCHURES AND GUIDES THAT EDUCATE THE PUBLIC ABOUT RACING AND BREEDING IN THE STATE OF MARYLAND.


MHBA FUNCTIONS AS AN INFORMATION RESOURCE FOR HORSE BREEDERS AND OWNERS, THE MEDIA, COMMUNITY AND GOVERNMENTAL ORGANIZATIONS, AND THE GENERAL PUBLIC. BREEDERS AND OWNERS REGISTER THEIR MARYLAND BRED HORSES WITH THE ASSOCIATION IN ORDER TO QUALIFY FOR SPECIFIC RACES RESTRICTED TO MARYLAND - BREDS.


EDUCATIONAL PROGRAMS HELD FOR MEMBERS AND THE GENERAL PUBLIC TO EDUCATE ON TOPICS RELEVANT TO THE HORSE INDUSTRY.


THE MARYLAND HORSE BREEDERS ASSOCIATION (MHBA) UTILIZES PUBLICATIONS AS A MEANS OF PROMOTING THE HORSE INDUSTRY AND ENCOURAGING HORSE BREEDING AND PARTICIPATION IN HORSE SPORTS. THE MHBA PUBLISHES THE "MID-ATLANTIC THOROUGHBRED", A FOUR-COLOR MONTHLY MAGAZINE THAT COVERS RACING AND BREEDING IN MARYLAND AND THROUGHOUT THE REGION. IN ADDITION, MHBA PUBLISHES AN ANNUAL GUIDE TO THOROUGHBRED FARMS IN MARYLAND AND VARIOUS POSTERS, BROCHURES AND GUIDES THAT EDUCATE THE PUBLIC ABOUT RACING AND BREEDING IN THE STATE OF MARYLAND.


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Board, Officers & Key Employees

Name (title)Compensation
Cricket Goodall
Executive Di
$141,603
Kent A Murray
President
$0
Michael F Horning
Treasurer
$0
Christy Holden
Vice-Preside
$0
George Adams
Director
$0
Grace Merryman
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$73,330
Fundraising events$0
Related organizations$0
Government grants $135,015
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$208,345
Total Program Service Revenue$2,032,919
Investment income $22,144
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $26,320
Net Income from Fundraising Events -$49,671
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,240,057

Grants Awarded

Over the last fiscal year, Maryland Horse Breeders Association Inc has awarded $64,454 in support to 2 organizations.

Grant RecipientAmount

MARYLAND HORSE FOUNDATION

Org PageRecipient Profile

Reisterstown, MD

|

$34,454

Owings Mills, MD

|

$30,000
View Grant Profile

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